Sunday, June 13, 2010

Kikori landmen bond to pursue LNG projects

MORE than 30 Kikori pipeline landowners have come together to form the only two umbrella companies that would do business with the liquefied natural gas (LNG) project developers and owners.After long years of infighting and business conflict, the 30 landowners have united to form the Kikori Oil Investment and Greenfield Resources Investment as their duly- recognised umbrella companies.In a press conference, the landowners said their coming together had met the developer and the government’s requirements, aimed at speeding up the distribution of spin-off benefits from the gas project.The landowners said their companies were the only recognised companies as far as their people were concerned, adding that individual landowner company business proposals would be withdrawn.Kikori oil pipeline landowner association chairman Bomsy Boviro said they had taken a strong resolve to come together as one and that it was about time the state release their business grants while the developer should now give them projects.Greefield Investments managing director Timothy Irinaya said the issue as to which landowner group should be the main landowner company had been resolved and that they were ready to liaise with the company and the developer for whatever benefits they could get.He reiterated that the government should release the business development grants so the companies could start their business activities.West Kikori LLG president Wilson Baidu said the government would recognise no other groups but the two newly-formed companies.He thanked the parties for coming together for the sake of the people.